Probo Medical, a global provider of medical imaging equipment and services, is set to acquire Alpha Source Group, a move that will expand Probo’s diagnostic imaging offerings. Alpha Source Group consists of Alpha Source Biomed Solutions, BC Technical Imaging Solutions, and Medical Optics Surgical Solutions.
Alpha Source, founded in 1986, delivers technical field service, depot repair, equipment refurbishment and resale, and parts distribution solutions to the North American healthcare market. Their capabilities are utilized across a broad customer base that includes OEMs, ISOs, asset managers, hospitals, distributors, and resellers.
Alpha Source is a North American diagnostic imaging equipment service provider with more than 100 field engineers. They have four specialized Centers of Excellence in Salt Lake City; Jeffersonville, Ind., Tamarac, Fla., and Milwaukee, focusing on repairing, refurbishing, and distributing various medical equipment, including nuclear medicine, PET, CT, MRI, PET/CT, ultrasound, bone mineral density, medical batteries, and biomedical equipment.
“This acquisition is transformational in nature for both Probo Medical and Alpha Source,” says Michael Asmer, CEO of Probo. “Probo has built a scalable platform in the ultrasound market in North America, capable of supporting customers with ultrasound system sales, repairs, service, applications training, and spare parts at a quality and value level that leads the market. Alpha Source’s capabilities, team and relationships provide us with the ability to extend that platform wider and deeper into new imaging modalities like nuclear medicine, CT, and PET/CT.”
Asmer adds, “For Alpha Source, there are multiple commercial and growth opportunities that will come as being a part of the Probo platform. Probo is a global leader in system procurement across the aforementioned modalities. Integrating that proficiency with Alpha Source’s technical capabilities will quickly allow us to expand parts harvest and distribution, scale system refurbishment and resale, and optimize our ability to deliver best-in-class field service with a global team of more than 350 field-service engineers.”
Probo Medical is backed by Avista Capital Partners, a private equity firm focused exclusively on healthcare with more than $8 billion invested in more than 45 growth-oriented healthcare businesses globally.